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SPi Global Expands Into China

Leading BPO Firm Completes Asset Purchase of Xian-Based Bachieve International

MANILA, PHILIPPINES--(Marketwired - May 13, 2014) - SPi Global, the country's most internationally-recognized full-service Business Process Outsourcing (BPO) company, today announced that it has completed the acquisition of all of the assets of China-based Bachieve International Inc. The new entity, SPi Global (Xi'An) Information Technology Limited will have 260 employees focused on business process outsourcing, IT outsourcing, management consulting services, and call center solutions. Xi'an is the BPO capital of Western China.

SPi Global President and CEO Maulik Parekh said that the geographic expansion further strengthens the company's delivery operations in Asia and complements existing operational strengths in India and the Philippines. The acquisition also affords the company access to a new market.

"China is a welcome addition to our global footprint. Having the option of delivering services from China will benefit our existing and future clients with the vast resources and talents available in the region," said Parekh.

According to Zhikui Chen, CEO, Bachieve, "We are pleased to have attracted a strong partner for our business. With SPi Global's experience, we are looking forward to strengthening our operations and further expanding our network for growth and development."

Parekh added that SPi Global (Xi'An) is a gateway to the wave of development in China towards the west. It is also the hub for other key markets in Asia where publishing and content conversion solutions are in demand. "We believe Xi'An is the ideal location to capitalize on this wave of growth," added Parekh.

About SPi Global SPi Global is the Philippines' most internationally-recognized full-service BPO provider, with 30 offices and facilities around the world, including the US, Netherlands, Philippines, India, Vietnam, and Australia. It has over 19,000 employees, delivering a wide range of solutions in Customer Relationship Management, Content, and Healthcare.

SPi Global is fully owned by Asia Outsourcing Gamma Limited, a company 80%-owned by CVC Capital Partners -- one of the world's leading private equity and investment advisory firms -- and 20% by the Philippine Long Distance Telephone Company, the leading telecommunications provider in the Philippines.